Company Law

This query is : Resolved

Sandeep Rohatgi (Querist)
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04 April 2009 Sir ,

Can some advise in the following case

A Private Ltd company
Authorised capital 10 Lakhs

Paid up capital 8 Lakhs

Can the company receive share capital for More than Rs 2 lakhs ( difference between paid up and authorised capital )

Further can the share application money can be inculded while calculating networth of the company .

With regards

Sandeep

9868705794 ( M)

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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04 April 2009 Company can not recieve share capital more then the authorised sh capital. If the excess amount is recieved, it can be treated as share premium amount (After proper documentation in this respect).